Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,764 shares of the company’s stock after selling 5,945 shares during the period. Teacher Retirement System of Texas owned about 0.17% of Hamilton Insurance Group worth $3,364,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HG. Quarry LP lifted its position in shares of Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after acquiring an additional 1,341 shares in the last quarter. Spire Wealth Management purchased a new position in Hamilton Insurance Group in the 4th quarter valued at about $38,000. Rhumbline Advisers boosted its stake in shares of Hamilton Insurance Group by 6.9% during the 4th quarter. Rhumbline Advisers now owns 57,207 shares of the company’s stock worth $1,089,000 after purchasing an additional 3,699 shares during the last quarter. Bfsg LLC purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $77,000. Finally, Swiss National Bank raised its position in shares of Hamilton Insurance Group by 8.6% in the fourth quarter. Swiss National Bank now owns 54,300 shares of the company’s stock valued at $1,033,000 after buying an additional 4,300 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $20.69, for a total transaction of $229,162.44. Following the completion of the transaction, the chief executive officer now directly owns 203,847 shares in the company, valued at approximately $4,217,594.43. This represents a 5.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 15,000 shares of company stock valued at $311,566. 2.70% of the stock is currently owned by insiders.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $21.28 on Tuesday. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $21.48. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 4.76 and a beta of 0.92. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $19.44 and its 200 day simple moving average is $18.89.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The firm had revenue of $543.94 million for the quarter, compared to analysts’ expectations of $460.17 million. As a group, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday, February 27th. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a report on Friday, February 28th. Keefe, Bruyette & Woods lifted their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company upped their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.80.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group, Ltd., through its subsidiaries, provides underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial lines, marine and energy, and multiline specialty.